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Posts by "abrahamlincoln"
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Posts by Anonymous "abrahamlincoln":
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I"m originally from Brazil but living in the USA. I remember growing up, and seeing my country immersed in a inflationary process that lasted for decades, some people used to say that our inflation was a "cultural" not a economic thing such deep roots it had in our day by day. As I said it took us almost one whole generation and a government from the "left" to fix the problem.
My question since you are an expert in central banks behavior is:
Do you believe that the FED or the government (via FED off course) will resist to (on the near future) play the inflation card in order to keep spending ?
I feel weird because the way things are developing its like a Dj vu for me. The way the congress is acting the government getting bigger and bigger and everything else.... looks so much as Brazil in the 80/90s.
I understand that you are pro deflation but I'm not getting if you are talking about short or long term.
The American inflation corroded Brasil's external debt in such a way that people not even mention it anymore. And to think that I grew up with this thing called "external debt monster"!!
I'm just wonderind if America would use the same strategy to corrode their own debt.
Mercy bien !!
Salut !!